Category Archives: Deals
Pretium Partners Launches Litigation Funding Group
Pretium Partners LLC is an investment management firm specializing in corporate, residential, and structured credit. It has recently announced the formation of a new investment group focusing on third-party funding.
Gately Announces GBP 20 Million Litigation Funding Facility
Gately, the first law firm to list publicly in the UK, recently announced a GBP 20 million litigation funding arm. Expected to begin in early 2022, the funding arm will specialize in claims related to insolvency, investor and shareholder disputes, fraud, and asset protection and recovery.
Pretium Launches Legal Investment Group
Pretium, a specialized investment management firm with more than $26 billion in assets, today announced that it has established a legal opportunities investment team. Pretium’s legal opportunities team will work with corporations and law firms to identify and invest in legal and commercial opportunities where its team has deep knowledge and experience and that offer attractive return potential for investors. Areas of investment will include high value complex disputes between businesses, arbitrations, antitrust, patent and intellectual property, bankruptcy, distressed debt and insolvency and monetization of judgments and awards. Pretium will not be investing in consumer litigation finance.
Mishcon de Reya Launches LitFin Arm with Support from Harbour
London-based law firm Mishcon de Reya has announced the launch of MDR Solutions, a new litigation funding venture. The finance arm was established with support from Harbour Litigation Funding, which has promised $200 million to the fund.
Investor Group Led By Litigation Funder Drumcliffe Acquires Additional Equity Stake in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)
An investor group led by asset recovery funder Drumcliffe LLC has purchased 1,138,245 shares in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) (“Odyssey”), from Epsilon Acquisitions LLC in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended.
Halifax AU & NZ Litigation Funding Scheme
Per Australian law, Omni Bridgeway has registered with ASIC as a litigation funding scheme. This statement has been distributed to all applicable parties with an interest in the appeals in Halifax Investment Services Pty Ltd v Loo, and Halifax New Zealand limited v Loo, for Category 1 Investors.
Why Lawyers Fail to Secure Litigation Funding
According to research from Westfleet Advisors, at least 95% of cases pitched to third-party funders are rejected. Litigation funding is increasing in popularity and new entrants are always entering the space. But that hardly means securing getting a funding agreement is a sure thing.
Binance Traders Acquire Funding for Class Action
One group of Binance traders has asserted that they lost $20 million in cryptocurrency trades earlier this year. Bitcoin prices dropped by as much as 30% last May—following the announcement of a Chinese crackdown on cryptocurrency.
A Guide for Choosing a Litigation Funder
As lawyers, courts, and plaintiffs develop an appreciation for Litigation Finance, competition becomes increasingly robust. Demand for funding is up, as are the number of new funders throwing their hats into the ring. There’s a wide array of funding entities now, and they vary in terms of preferred case size, minimum and maximum deployments, jurisdiction, commercial or industry specialties, and more.
